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9% hike in home insurance rates, falling home values, and upside down mortgages ahead in 2023

New Insurify report: Climate change, mortgage woes stress homeownersCAMBRIDGE, Mass.--(BUSINESS WIRE)--Home market volatility will likely continue in 2023, as home insurance rates continue to rise, home values drop, and an alarming number of new mortgages are already underwater, according to the 2023 Insuring the American Homeowner report by Insurify, America’s top-rated insurance comparison platform. “The cost of individual policies is rising. Homeowners may notice an increase of hundreds of dollars…